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Attention Investors and Homeowners Seeking a Multifamily Project! Discover a prime investment opportunity in a zoning district (RM-1) that allows multi-family conversions by-right. This means you can transform this solid brick, detached property into a 2-, 3-, or even 4-unit multifamily building by-right. Comps for similar multi-family properties in the area range from $300k to $450k, offering substantial upside potential. Location: Nestled on a quiet block, this property provides a serene environment with high rental demand. Status: Framing has already started, demolition is complete, and engineer-stamped plans for a duplex layout are available. Looking for more? Update the plans to add an addition and maximize your investment with a 3- or 4-unit layout. Whether you want to live, rent, or sell, this property offers endless potential. Great bones for a seamless renovation. Ready for immediate framing and development. A rare opportunity to finish a multi-family home tailored to your vision. Schedule your showing today! Agent has financial interest. Seller is working on other projects and is selling to free up capital. If not sold, seller will complete project as it is an ideal small multi.
Property Type(s):
Multi Family
| Last Updated | 12/11/2024 | Year Built | 1915 |
|---|---|---|---|
| Community | 19141 (19141) | County | PHILADELPHIA |
SCHOOLS
| School District | PHILADELPHIA CITY |
|---|
Additional Details
| AREA | 19141 (19141) |
|---|---|
| HEAT | Hot Water |
| LOT | 1742 sq ft |
| LOT DIMENSIONS | 20.00 x 88.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STYLE | Traditional |
| TAXES | 1405 |
| WATER | Public |
Location
Listing provided by Springer Realty Group
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Data last updated: 1/10/25 3:35 AM PST
This IDX solution is (c) Diverse Solutions 2025.
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